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California's attorney general announced more than $4 million in penalties have been levied against defendants in a national loan modification scam. Half of the money will go to consumers who were duped. Over 1,000 customers were caught in the ploy and paid a total of more than $2 million in modification services to Orange County-based Statewide Financial Group Inc., according to a release Tuesday from the office of Atty. Gen. Kamala Harris. "These defendants took advantage of vulnerable people in extremely difficult circumstances, including many who faced imminent loss of their homes," Harris said. "The significant financial penalties imposed by the court let scammers know that severe consequences will flow to those who defraud California consumers." The attorney general's office shut down the business in 2009, which had been in operation since January 2008. The business' owners -- Zulmai Nazarzai, Hakimullah Sarpas and Fasela Sheren (who went by the name Sharon Fasela) -- were all found liable in Orange County Superior Court for violating California's Unfair Competition Law and False Advertising Law. You can also visit us @ http://newscenter.springhillgrouphome.com/

California's attorney general announced more than $4 million in penalties have been levied against defendants in a national loan modification scam. Half of the money will go to consumers who were duped. Over 1,000 customers were caught in the ploy and paid a total of more than $2 million in modification services to Orange County-based Statewide Financial Group Inc., according to a release Tuesday from the office of Atty. Gen. Kamala Harris. "These defendants took advantage of vulnerable people in extremely difficult circumstances, including many who faced imminent loss of their homes," Harris said. "The significant financial penalties imposed by the court let scammers know that severe consequences will flow to those who defraud California consumers." The attorney general's office shut down the business in 2009, which had been in operation since January 2008. The business' owners -- Zulmai Nazarzai, Hakimullah Sarpas and Fasela Sheren (who went by the name Sharon Fasela) -- were all found liable in Orange County Superior Court for violating California's Unfair Competition Law and False Advertising Law. You can also visit us @ http://newscenter.springhillgrouphome.com/

The insurance fraud in Changwon uncovered by the Financial Supervisory Service is both shocking and disturbing. It involved as many as 1,361 people, mostly residents of the South Gyeongsang Province city, who either posed as fake patients or exaggerated their illnesses. Collectively, they claimed 9.5 billion won from 33 insurance companies between 2007 and 2011. At the center of the scam ― the largest ever in terms of the number of people involved ― were three unconscionable hospitals in the city, which recruited fake patients systematically in cahoots with insurance brokers and solicitors. They did this to increase revenue and ease their financial distress. The main ploy used by the hospitals was to share a patient, meaning they would arrange for a patient to check in the three hospitals alternately for a different disease. For this, they faked his illnesses and prepared false documents. For close cooperation, they shared patient information among themselves. This scheme helped patients pocket more insurance money. They all purchased multiple private health insurance policies before hospitalization. On average they received some 7 million won per person. In one example, a man in his 50s was hospitalized for a total of 564 days over three years, collecting 95 million won in insurance. The Changwon case followed a similar one that took place in Taebaek last November, involving more than 400 people in the declining mining town in Gangwon Province. They got a total of 14 billion won in insurance payments. As with the Changwon scam, three financially distressed hospitals in the city played a central role. The two cases suggest that insurance fraud is a fairly common occurrence in Korea. According to the FSS, the number of insurance-related crimes has surged in recent years. Last year alone, more than 70,000 people were caught for insurance scams, with the amount of false claims they filed reaching 423 billion won. Yet the figure represented just the tip of the

Slide 1 TAGZA: Group of Springhill South Korea: The Laziest Scams in Internet History: Zimbio Slide 2 NEWS ON TAGZA - GROUP OF SPRINGHILL SOUTH KOREA - A certain "Sehwan Jung" in South Korea has been sending a number of desperate requests for funds over Twitter: "I am in urgent need of money. Can you lend me 500,000 dollars?I will make it up to you later." A diabolical plot, indeed, though Mr. Jung's scam is unlikely to work. For one, people can see everything someone sends on Twitter and quickly realize he's sent the exact same message over and over. For another, he is tweeting almost exclusively to celebrities, including Channing Tatum, Rosario Dawson, Carly Simon, journalist Nicholas Kristof (who today sarcastically answered, "Sure!"), and the foreign minister of Bahrain, Sheikh Khalid bin Ahmed Al Khalifa. Slide 3 "Now this one is a real winner," says Dan Ring, a spokesperson for Boston-based data protection company Sophos. "Sehwan Jung's list of celebrities is almost as entertaining and as random as his actual request, and it's one of the more optimistic requests out there. I hope there's no way someone will fall for this." The "Sehwan gambit" joins the following examples as one of the laziest scams in Internet history. * "JOHN" fails to mention what he even wants to con you out of: Subject: what are you sale Greetings,My name is JOHN, i am highly interested in buying your{ what you want to sale } from you ,I will like you to give me the FINAL ASKING price and the lastes condition,also i will like you to scan the pics for me for proper verifycation.

Slide 1 TAGZA: Group of Springhill South Korea: The Laziest Scams in Internet History: Zimbio Slide 2 NEWS ON TAGZA - GROUP OF SPRINGHILL SOUTH KOREA - A certain "Sehwan Jung" in South Korea has been sending a number of desperate requests for funds over Twitter: "I am in urgent need of money. Can you lend me 500,000 dollars?I will make it up to you later." A diabolical plot, indeed, though Mr. Jung's scam is unlikely to work. For one, people can see everything someone sends on Twitter and quickly realize he's sent the exact same message over and over. For another, he is tweeting almost exclusively to celebrities, including Channing Tatum, Rosario Dawson, Carly Simon, journalist Nicholas Kristof (who today sarcastically answered, "Sure!"), and the foreign minister of Bahrain, Sheikh Khalid bin Ahmed Al Khalifa. Slide 3 "Now this one is a real winner," says Dan Ring, a spokesperson for Boston-based data protection company Sophos. "Sehwan Jung's list of celebrities is almost as entertaining and as random as his actual request, and it's one of the more optimistic requests out there. I hope there's no way someone will fall for this." The "Sehwan gambit" joins the following examples as one of the laziest scams in Internet history. * "JOHN" fails to mention what he even wants to con you out of: Subject: what are you sale Greetings,My name is JOHN, i am highly interested in buying your{ what you want to sale } from you ,I will like you to give me the FINAL ASKING price and the lastes condition,also i will like you to scan the pics for me for proper verifycation. Slide 4 * This scammer doesn't even attempt to establish a personal connection before offering $18 million: Beloved, I am Elizabeth Etters, a Christian.I picked your email randomly for an inheritance of $18M. Please contact me for more details via [redacted]. * One malware attack came in the form of a bogus Christmas card-sent on March 19: Date: 2010-03-19 09:27:15

Slide 3 "Now this one is a real winner," says Dan Ring, a spokesperson for Boston-based data protection company Sophos. "Sehwan Jung's list of celebrities is almost as entertaining and as random as his actual request, and it's one of the more optimistic requests out there. I hope there's no way someone will fall for this." The "Sehwan gambit" joins the following examples as one of the laziest scams in Internet history. * "JOHN" fails to mention what he even wants to con you out of: Subject: what are you sale Greetings,My name is JOHN, i am highly interested in buying your{ what you want to sale } from you ,I will like you to give me the FINAL ASKING price and the lastes condition,also i will like you to scan the pics for me for proper verifycation.

The insurance fraud in Changwon uncovered by the Financial Supervisory Service is both shocking and disturbing. It involved as many as 1,361 people, mostly residents of the South Gyeongsang Province city, who either posed as fake patients or exaggerated their illnesses. Collectively, they claimed 9.5 billion won from 33 insurance companies between 2007 and 2011. At the center of the scam ― the largest ever in terms of the number of people involved ― were three unconscionable hospitals in the city, which recruited fake patients systematically in cahoots with insurance brokers and solicitors. They did this to increase revenue and ease their financial distress. The main ploy used by the hospitals was to share a patient, meaning they would arrange for a patient to check in the three hospitals alternately for a different disease. For this, they faked his illnesses and prepared false documents. For close cooperation, they shared patient information among themselves. This scheme helped patients pocket more insurance money. They all purchased multiple private health insurance policies before hospitalization. On average they received some 7 million won per person. In one example, a man in his 50s was hospitalized for a total of 564 days over three years, collecting 95 million won in insurance. The Changwon case followed a similar one that took place in Taebaek last November, involving more than 400 people in the declining mining town in Gangwon Province. They got a total of 14 billion won in insurance payments. As with the Changwon scam, three financially distressed hospitals in the city played a central role. The two cases suggest that insurance fraud is a fairly common occurrence in Korea. According to the FSS, the number of insurance-related crimes has surged in recent years. Last year alone, more than 70,000 people were caught for insurance scams, with the amount of false claims they filed reaching 423 billion won. Yet the figure represented just t

The insurance fraud in Changwon uncovered by the Financial Supervisory Service is both shocking and disturbing. It involved as many as 1,361 people, mostly residents of the South Gyeongsang Province city, who either posed as fake patients or exaggerated their illnesses. Collectively, they claimed 9.5 billion won from 33 insurance companies between 2007 and 2011. At the center of the scam ― the largest ever in terms of the number of people involved ― were three unconscionable hospitals in the city, which recruited fake patients systematically in cahoots with insurance brokers and solicitors. They did this to increase revenue and ease their financial distress. The main ploy used by the hospitals was to share a patient, meaning they would arrange for a patient to check in the three hospitals alternately for a different disease. For this, they faked his illnesses and prepared false documents. For close cooperation, they shared patient information among themselves. This scheme helped patients pocket more insurance money. They all purchased multiple private health insurance policies before hospitalization. On average they received some 7 million won per person. In one example, a man in his 50s was hospitalized for a total of 564 days over three years, collecting 95 million won in insurance. The Changwon case followed a similar one that took place in Taebaek last November, involving more than 400 people in the declining mining town in Gangwon Province. They got a total of 14 billion won in insurance payments. As with the Changwon scam, three financially distressed hospitals in the city played a central role. The two cases suggest that insurance fraud is a fairly common occurrence in Korea. According to the FSS, the number of insurance-related crimes has surged in recent years. Last year alone, more than 70,000 people were caught for insurance scams, with the amount of false claims they filed reaching 423 billion won. Yet the figure represented just t

News Center - Springhill Group Home Loans By Joseph Woelfel NEW YORK (TheStreet) - The Federal Reserve is poised to start a new round of stimulus,Bloomberg reported, citing the biggest bond dealers in the U.S. The Fed will inject more money into the economy next quarter by purchasing mortgage securities instead of Treasuries, the bond dealers said. The Fed may buy about $545 billion in home-loan debt, Bloomberg said. The Fed bought $2.3 trillion of Treasury and mortgage-related bonds between 2008 and June. Separately, Bloomberg reported the Fed and big banks fought for more than two years to keep details of the largest bailout in U.S. history a secret. Now, the rest of the world can see what it was missing, Bloomberg said, based on 29,000 pages of Fed documents obtained under the Freedom of Information Act and central bank records of more than 21,000 transactions. According to Bl

By Joseph Woelfel NEW YORK (TheStreet) - The Federal Reserve is poised to start a new round of stimulus, Bloomberg reported, citing the biggest bond dealers in the U.S. The Fed will inject more money into the economy next quarter by purchasing mortgage securities instead of Treasuries, the bond dealers said. The Fed may buy about $545 billion in home-loan debt, Bloomberg said. The Fed bought $2.3 trillion of Treasury and mortgage-related bonds between 2008 and June. Separately, Bloomberg reported the Fed and big banks fought for more than two years to keep details of the largest bailout in U.S. history a secret. Now, the rest of the world can see what it was missing, Bloomberg said, based on 29,000 pages of Fed documents obtained under the Freedom of Information Act and central bank records of more than 21,000 transactions. According to Bloomberg Markets magazine's January issue, the Fed didn't tell anyone which banks were in trouble so deep they required a combined $1.2 trillion on Dec. 5, 2008, their single neediest day; bankers didn't mention they took tens of billions of dollars in emergency loans at the same time they were assuring investors their firms were healthy; and no one calculated until now that banks got an estimated $13 billion of income by taking advantage of the Fed's below-market rates. Fed officials say almost all of the loans were repaid and there have been no losses, but details suggest the secret funding enabled the biggest banks to grow even bigger, according to Bloomberg. The six biggest U.S. banks - JPMorgan Chase(JPM_), Bank of America(BAC_), Citigroup(C_), Wells Fargo(WFC_), Goldman Sachs(GS_) and Morgan Stanley (MS_)which received $160 billion from the Troubled Assets Relief Program, borrowed as much as $460 billion from the Fed, Bloomberg calculated, citing data obtained from the Fed. - Written by Joseph Woelfel   >To contact the writer of this article, click here: Joseph Woelfel >To submit a news tip, send an email to: ti

"http://www.fhanewsblog.com/2012/10/fha-warns-about-home-equity-mortgage-loan-scams/ The FHA official site includes a page about reverse mortgages and Home Equity Conversion Mortgages. On that page, you'll find a warning from the FHA and HUD about scam artists who take advantage of some loan applicants who don't know enough about the FHA's free information on HECM loans and reverse mortgage loans. "Reverse mortgages are becoming popular in America" the FHA site says, "Reverse mortgages are a special type of home loan that lets a homeowner convert the equity in his/her home into cash. They can give older Americans greater financial security to supplement social security, meet unexpected medical expenses, make home improvements, and more. If you are interested in a reverse mortgage, beware of scam artists that charge thousands of dollars for information that is free from HUD!" The warning is good-but what kind of information are these scam artists charging so much money for? According to the FHA, simple details such as the nature of a HECM loan, who is eligible, even free advice about whether a borrower should us an estate planner to find a participating lender. On this topic, the FHA and HUD advise: "FHA does NOT recommend using any service that charges a fee for referring a borrower to an FHA-approved lender.  You can locate a FHA-approved lender by searching online at www.hud.gov or by contacting a HECM counselor for a listing. Services rendered by HECM counselors are free or at a low cost.  To locate a HECM counselor Search online or call (800) 569-4287 toll-free, for the name and location of a HUD-approved housing counseling agency near you". Very good advice for borrowers age 62 an older (the only people who qualify for FHA HECM loans) interested in applying for an FHA Home Equity Conversion Mortgage. Here's another fact about HECM loans you might not know-according to the FHA official site: "By law, you have three calendar da

"Springhill Group Korea : News Center - Springhill Group Home Loans - BlogSpot http://newscenter-springhillgrouphome.blogspot.com/ FHA Warns About Home Equity Mortgage Loan Scams The FHA official site includes a page about reverse mortgages and Home Equity Conversion Mortgages. On that page, you'll find a warning from the FHA and HUD about scam artists who take advantage of some loan applicants who don't know enough about the FHA's free information on HECM loans and reverse mortgage loans. "Reverse mortgages are becoming popular in America" the FHA site says, "Reverse mortgages are a special type of home loan that lets a homeowner convert the equity in his/her home into cash. They can give older Americans greater financial security to supplement social security, meet unexpected medical expenses, make home improvements, and more. If you are interested in a reverse mortgage, beware of scam artists that charge thousands of dollars for information that is free from HUD!" The warning is good-but what kind of information are these scam artists charging so much money for? According to the FHA, simple details such as the nature of a HECM loan, who is eligible, even free advice about whether a borrower should us an estate planner to find a participating lender. On this topic, the FHA and HUD advise: "FHA does NOT recommend using any service that charges a fee for referring a borrower to an FHA-approved lender. You can locate a FHA-approved lender by searching online at www.hud.gov or by contacting a HECM counselor for a listing. Services rendered by HECM counselors are free or at a low cost. To locate a HECM counselor Search online or call (800) 569-4287 toll-free, for the name and location of a HUD-approved housing counseling agency near you". Very good advice for borrowers age 62 an older (the only people who qualify for FHA HECM loans) interested in applying for an FHA Home Equity Conversion Mortgage. Here's another fact about HECM loans you might n

Payday loans are effortless monetary solutions in Chicago (USA) which you can acquire within least time period. Browsers can apply with us now and obtain your money directly to your account.

"This can work in two ways, trough email, text message or social-media post, the gift-check scam is more popular during Christmas season where people are buying on this a lot. The scam goes like this; a message will appear from nowhere announcing you a winner of a popular retail gift card. You are then instructed to follow a link and when you click it you will be directed to a site that is a remarkable clone of the real thing. This site will ask for your personal information like your email, birth date and favorite color. This indicates that you're directed off the bogus site to a credit-card application, and because you filled-up this information sheet the fraudster has what he wants. You can also deceived by buying bogus card online from third parties. And if buying over the counter, make sure the PIN code on the back hasn't been scratched off, an indication that it's been hacked by someone in the store. This next bogus often comes via email. This one is called package-delivery scam. It appears to be from a legitimate company, the email gives the impression of being genuine complete with a phony tracking number and a note about the delivery error. There's an attachment with a made-up delivery label that you're told to take to the nearest delivery office to get the package. Open it, and you'll be subjecting your computer or smartphone to malware and virus attacks. These E-cards appears to be seemingly harmless thank you note or holiday greetings but you will never know until you click on it and it could be spyware or viruses that automatically download when opened or when they direct you to download to see the card. Best-deal-ever scams, if it is to good to be true more like it is a scam, it is a lie. The idea is they will attract you on deals and items then after sending them the money you will not get anything in return. They will say that items are limited and rare to find so they are selling it for higher prices on online auction site but af

South Korea Group of Springhill: China's Export Machine Goes High-End2 +-6 Respot From its sprawling manufacturing base deep in China's southwestern Hunan province, some 100 kilometers from where Mao was born, construction-machinery maker Sany Group plans to take on the world. While workers in blue overalls and yellow hard hats crawl over huge mobile hydraulic cranes and cement mixer trucks in a gleaming factory, Sany President Tang Xiuguo sits in his expansive office nearby, discussing the opening of Sany factories in Brazil, India, and Alabama, as well as the soon-to-be-completed $475 million acquisition of Germany's Putzmeister, the world's largest maker of cement pumps. The bespectacled Tang, one of four founders of the 22-year-old company, aims to lift overseas sales, now some 5 percent of its $16 billion revenue, to up to one-fifth of revenues within five years. The phrase "Made in China" summons up images of cheap shoes, plastic toys, and electronics assembled in the vast factory complexes of Foxconn Technology Group (HNHPF). While China built its powerful export business-increasing 17 percent a year over the last three decades-on such light industry and electronics assembly, that is fast changing. Rising labor costs, up 15 percent annually since 2005, plus an appreciating currency, are putting new pressures on China's cheap manufacturing model and driving textile, shoe, and apparel factories to close or relocate to Vietnam, Cambodia, or Bangladesh. "China's share of the world's low-end exports has started to fall. This reflects a shift by Chinese producers into sectors where margins are higher rather than a failure to compete," wrote U.K.-based Capital Economics in a March 28 note. Chinese-built ships, for example, dominated the global market with a 41 percent share last year, well ahead of South Korea and Japan, according to London-based shipping services company Clarksons. Data from the International Trade Centre, a joint agen

http://newscenter.springhillgrouphome.com/2012/05/news-center-springhill-group-home-loans-tips-for-home-employment-to-avoid-work-at-home-scams/ 1.    You must know the person you are dealing with. Most company that hires employee do not offer to employ you directly, just to sell you training and materials and to look for customers for your work.2.    Do not be a dime a dozen. Managing a business is just like any other business which requires hard work, skill, good products or services, and time to make a profit. Additionally, there is no such thing as sitting on a rackin’ chair and just waiting for the time of giving checks.3.    Be observant and cautious about the emails you are receiving that includes an offering of work at home opportunities. Most of these acts are deceptive.4.    Put into practice the so called “know and pay”. You have to know first everything in detailed before making a plan or action to a certain situation.5.    Find a picture paints a thousand words. Claims that there are customers for

News Center - Springhill Group Home Loans News Center - Springhill Group Home Loans : Blogspot Articles: News Center - Springhill Group Home Loans : America's Choice Home Loans LP Opens In Oregon And Welcomes Jerry Holman To The Team Mes Jerry Holman To The Team By Angie Barrett | November 28, 2011 10:09 am America's Choice Home Loans announced the opening of Branch 1013, located in Newberg, Oregon. Managed by Jerry Holman, a long time veteran of the mortgage industry, the branch opened on October 20. "Please give Jerry a warm welcome and let him ... READ MORE News Center - Springhill Group Home Loans:Fed Seen Buying $545B Of Home-Loan Debt : Report By Joseph Woelfel NEW YORK (TheStreet) -- The Federal Reserve is poised to start a new round of stimulus, Bloomberg reported, citing the biggest bond dealers in the U.S. The Fed will inject more money into the economy next quarter by purchasing mortgage securities instead of Treasuries, the bond dealers said. The ... READ MORE News Center - Springhill Group Home Loans : Rates For Home Loans And Savings Could Swing Again The deteriorating situation in Europe has increased the chances of a December interest rate cut. Australian banks are coming under increasing pressure from the ensuing European debt crisis, and have become nervous about lending to each other because of their exposure to risky European debt. Consequently, there are concerns about the ... READ MORE

News Center - Springhill Group Home LoansBy Joseph Woelfel NEW YORK (TheStreet) - The Federal Reserve is poised to start a new round of stimulus,Bloomberg reported, citing the biggest bond dealers in the U.S. The Fed will inject more money into the economy next quarter by purchasing mortgage securities instead of Treasuries, the bond dealers said. The Fed may buy about $545 billion in home-loan debt, Bloomberg said. The Fed bought $2.3 trillion of Treasury and mortgage-related bonds between 2008 and June. Separately, Bloomberg reported the Fed and big banks fought for more than two years to keep details of the largest bailout in U.S. history a secret. Now, the rest of the world can see what it was missing, Bloomberg said, based on 29,000 pages of Fed documents obtained under the Freedom of Information Act and central bank records of more than 21,000 transactions. According to Bloomberg Markets magazine's January issue, the Fed didn't tell anyone which banks were in trouble so deep they required a combined $1.2 trillion on Dec. 5, 2008, their single neediest day; bankers didn't mention they took tens of billions of dollars in emergency loans at the same time they were assuring investors their firms were healthy; and no one calculated until now that banks got an estimated $13 billion of income by taking advantage of the Fed's below-market rates. Fed officials say almost all of the loans were repaid and there have been no losses, but details suggest the secret funding enabled the biggest banks to grow even bigger, according toBloomberg. The six biggest U.S. banks - JPMorgan Chase(JPM_), Bank of America(BAC_),Citigroup(C_), Wells Fargo(WFC_), Goldman Sachs(GS_) and Morgan Stanley (MS_)which received $160 billion from the Troubled Assets Relief Program, borrowed as much as $460 billion from the Fed, Bloomberg calculated, citing data obtained from the Fed. - Written by Joseph Woelfel >To contact the writer of this article, click here: Joseph Woelf

   Springhill Group Home Loans and Deposits The deteriorating situation in Europe has increased the chances of a December interest rate cut. Australian banks are coming under increasing pressure from the ensuing European debt crisis, and have become nervous about lending to each other because of their exposure to risky European debt. Consequently, there are concerns about the risks if the Reserve Bank does not cut interest rates, with the next opportunity not until February. The Reserve Bank Governor, Glenn Stevens, ramped up the pressure on European leaders to find a swift solution to the crisis, saying that "the damage to us and everyone else will be unacceptable". It is not immediately clear, though, whether banks will be so eager to pass on the full benefits of any such cuts to consumers. The recent interest rate cut saw every major bank reduce theirhome loan rates by the full 0.25% with the exception of NAB, who faced strong criticism for their decision to offer less. However, Australian banks are facing higher costs of funding due to the rising cost of lending across global money markets. It is suspected that these costs will be passed onto consumers by not passing on the full benefit of central rate cuts. Therefore, it is predicted that the Reserve Bank's committee will have to cut interest rates by a bigger margin if it hopes to see any monetary benefit reach consumers. One advantage for the consumer is the legislation meaning that home loans can now be transferred without exit fee, ensuring a greater level of competition between retail banks. It may be the right time to consider Which4U's current savings account rates, in case these are set to fall in the near future. Ashley King Monday, 28 November 2011 13:19

Posted by Springhill Group Home Loans on 12/9/2011 9:55 PM The deteriorating situation in Europe has increased the chances of a December interest rate cut. Australian banks are coming under increasing pressure from the ensuing European debt crisis, and have become nervous about lending to each other because of their exposure to risky European debt. Consequently, there are concerns about the risks if the Reserve Bank does not cut interest rates, with the next opportunity not until February. The Reserve Bank Governor, Glenn Stevens, ramped up the pressure on European leaders to find a swift solution to the crisis, saying that "the damage to us and everyone else will be unacceptable". It is not immediately clear, though, whether banks will be so eager to pass on the full benefits of any such cuts to consumers. The recent interest rate cut saw every major bank reduce theirhome loan rates by the full 0.25% with the exception of NAB, who faced strong criticism for their decision to offer less. However, Australian banks are facing higher costs of funding due to the rising cost of lending across global money markets. It is suspected that these costs will be passed onto consumers by not passing on the full benefit of central rate cuts. Therefore, it is predicted that the Reserve Bank's committee will have to cut interest rates by a bigger margin if it hopes to see any monetary benefit reach consumers. One advantage for the consumer is the legislation meaning that home loans can now be transferred without exit fee, ensuring a greater level of competition between retail banks. It may be the right time to consider Which4U's current savings account rates, in case these are set to fall in the near future. Ashley King Monday, 28 November 2011 13:19 View News Archive